Comprehensive Practice Set Part A_MIRANDA_JAMES

Comprehensive Practice Set Part A_MIRANDA_JAMES - Sales...

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Sales Journal Date Invoice No. Accounts Debited Post. Ref. Oct 12 10--10--01 MILES CO. 4,600 27 10--10--01 COMMUNITY COLLEGE 1,100 TOTAL 5,700 Cash Receipts Journal Debits Credits Date Cash Sales Revenue Other Acco Post. Ref. Oct 1 600 600 8 2,300 2,300 14 4,508 92 4,600 MILES CO 15 3,095 3,095 22 5,200 5,200 29 6,900 6,900 22,603 92 4,600 18,095 Purchases Journal Credits Date Account Credited Terms Post. Ref. Accounts Payable Inventory Supplies Oct 1 TREES LLC 2/10 , n/30 20,000 20,000 11 CASH 100 20 TREES LLC 2/10 , n/30 20,000 20,000 40,100 40,000 Accounts Receivable DR Sales Revenue CR Sales Discounts Accounts Receivabl e Account
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Cash Payments Journal Debits Date Ck. No. Account Debited Post. Ref Other Accounts Oct 1 159 Rent Expense 800 4 290 7 160 Supplies Expense 130 10 151 TREES LLC 11 152 Wages Expense 2,400 13 153 Freight Expense 60 20 154 Land Improvements 5,000 20 215 25 155 Wages Expense 2,400 29 Withdrawals 1,500 31 158 Interest Payable 600 31 158 Note Payable 400 12,575
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750 This should be recorded in the general journal as it is a sale in exchange for a note receivable rather than an account receivable. 3,250 ounts Amount 1,840 2,695 4,450 Good 5,765 14,750 Debits Account Title Account Title Post. Ref. Amount ADVERTISING EXPENSE 100 Good 100 Cost of Goods Sold DR Inventory CR Cost of Goods Sold Dr. Inventory Cr.
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Comprehensive Practice Set Part A_MIRANDA_JAMES - Sales...

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